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Monday, 31 October 2011

59.81 percent decline in Q2 profits at Rs 240.44 crore reported by Maruti Suzuki

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Maruti Suzuki India (MSI) country's largest car-maker shown 59.81 per cent fall in net profit at Rs 240.44 crore for the quarter ended September 30, mainly due to production loss at Manesar because of labour unrest.

It was reported that the company's board, meanwhile, has approved to purchase land in Gujarat to set up manufacturing facilities. The company had posted a net profit of Rs 598.24 crore in the same period last year.Vcommindia News

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